Pursuant to Paragraph 9.19(24) of the Bursa Malaysia Securities Berhad Main Market Listing Requirements, the Board of Directors of Nextgreen Global Berhad (“NGGB” or the “Company”) wishes to announce that its has on 9 April 2019 entered into an Agreement for Sale and Purchase of Shares with Chan Cheh Shin (Singapore Passport No. E4349265K) (“Purchaser”) to dispose 4,500 shares of one class of common stock with a par value of USD100.00 each representing the entire issued and paid-up share capital in BHS Palau Incorporated (“BHS Palau”), a subsidiary incorporated in the Republic of Palau, for a total sale consideration of United States Dollar (“USD”) One Million Two Hundred Thirteen Thousand (USD1,213,000.00), equivalent to RM4,885,964.00  (USD 1.00 :RM4.028, being the indicative rate quoted by AmBank Global Markets on 9 April 2019) (“Disposal”).  

The details of the Disposal are set out in the document attached.

This announcement is dated 9 April 2019.